Pivotal Research Reiterates Buy Rating for Tilly’s (TLYS)

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Tilly’s (NYSE:TLYS)‘s stock had its “buy” rating reiterated by equities researchers at Pivotal Research in a research report issued to clients and investors on Monday, Marketbeat.com reports. They currently have a $21.00 price target on the specialty retailer’s stock. Pivotal Research’s price target would suggest a potential upside of 1.79% from the stock’s current price.

The analysts wrote, “We’re modeling 2Q18 at the high end of guidance. We’re optimistic that TLYS had a strong 2Q, especially B2S, driven by trend-right apparel and footwear assortments that not only drove SSS growth but also led to fixed cost leverage and product margin expansion. Moreover, while losing a week of B2S selling in 3Q is a bad optic for the out quarter, that’s already in the numbers, and we remain optimistic on the company’s ability to comp the comp in the back half, especially as it laps easy digital comparisons.””

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Tilly’s from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. B. Riley set a $17.00 price target on shares of Tilly’s and gave the stock a “buy” rating in a research note on Tuesday, May 22nd. ValuEngine raised shares of Tilly’s from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. Finally, TheStreet raised shares of Tilly’s from a “c+” rating to a “b-” rating in a research note on Thursday, June 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.00.

TLYS traded up $2.63 during midday trading on Monday, hitting $20.63. 2,286,156 shares of the company traded hands, compared to its average volume of 178,452. The company has a market cap of $522.23 million, a price-to-earnings ratio of 30.06 and a beta of -0.19. Tilly’s has a 52-week low of $10.41 and a 52-week high of $21.40.

Tilly’s (NYSE:TLYS) last posted its quarterly earnings data on Wednesday, August 29th. The specialty retailer reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business had revenue of $157.41 million for the quarter, compared to the consensus estimate of $155.30 million. Tilly’s had a net margin of 2.77% and a return on equity of 11.94%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. sell-side analysts expect that Tilly’s will post 0.81 earnings per share for the current fiscal year.

In other news, insider Hezy Shaked sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $17.55, for a total value of $175,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Janet Kerr sold 5,167 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $15.23, for a total transaction of $78,693.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 231,417 shares of company stock worth $3,534,031. Insiders own 48.26% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its position in Tilly’s by 431.3% during the first quarter. Citigroup Inc. now owns 11,450 shares of the specialty retailer’s stock worth $129,000 after purchasing an additional 9,295 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Tilly’s during the first quarter worth about $152,000. Cambria Investment Management L.P. acquired a new stake in Tilly’s during the first quarter worth about $191,000. O Shaughnessy Asset Management LLC increased its position in Tilly’s by 128.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 18,391 shares of the specialty retailer’s stock worth $208,000 after purchasing an additional 10,338 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in Tilly’s by 48.9% during the first quarter. Federated Investors Inc. PA now owns 19,207 shares of the specialty retailer’s stock worth $217,000 after purchasing an additional 6,307 shares during the last quarter. Hedge funds and other institutional investors own 48.89% of the company’s stock.

About Tilly’s

Tilly's, Inc retails casual apparel, footwear, and accessories for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hats, sunglasses, headphones, handbags, watches, jewelry, and others.

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